World Bank: Odds of Escaping Poverty in US and India Are the Same

[eridani]

http://readersupportednews.org/news-section2/318-66/28176-world-bank-odds-of-escaping-poverty-in-us-and-india-are-the-same

World Bank report has challenged the conventional understanding of India’s inequality. The report, “Addressing inequality in South Asia,” has found that the probability of a poor person moving out of poverty in India in 2014 was as good as that in the U.S.

“There is good news — India is no longer the land of extremes and there are some bright spots,” said Martin Rama, one of the authors of the report and World Bank Chief Economist for South Asia.

The report has found that sons from Scheduled Caste and Scheduled Tribe households are no longer stuck in the jobs done by their fathers. Across generations, mobility of occupational profiles among Muslims has been similar to that of higher caste Hindus, whereas mobility among Scheduled Castes and Scheduled Tribes and Other Backward Classes has become higher than that of upper caste Hindus over time.

The report shows that one of the main drivers of upward mobility is the increase in number of non-farm jobs in rural India.

[elleng]

1. Don't think this is GOOD news.

[2naSalit]

2. The World Bank

now that's a credible source of info...

"So, hey you poor folk (especially women) don't bother trying to escape poverty because, well, you face the same obstructionist crap no matter where you go! And why would that be you may ask? Well, it's because we have total financial control and we don't want you to have mobility in location or social caste. And we sure as hell don't want any of you poor folks to be educated because we don't want you to be able to call us out on our dirty deeds."

[Octafish]

3. And the tears burst from my eyes.

After 35 years of Trickle-Down and Money Trumps Peace, I'm not sure how much longer we can discuss how Austerity is the answer.

Thank you for the info, eridani. It hurts, thinking of so many people I know who have worked their lives... sacrificed themselves and their families...served the community and the nation... for the sake of burning the candle and running the circular track in the cage.

[liberal_at_heart]

4. Doesn't surprise me. It does depress me though. What kind of future are my children going to have?